Selling a business is no small feat. To be successful, you need to have an understanding of your target market, the right documents and financials on hand, and a reliable strategy for marketing and negotiating your sale. For many business owners, one of the keys to success is hiring an experienced business broker to guide…
A business broker is an individual or firm that specialises in assisting with the sale of businesses. Austin business brokers acts as an intermediary between buyers and sellers of a business, providing advice and expertise to help facilitate the transaction. They are typically paid a commission for the services they provide, which can be either a fixed…
Selling a business is an incredibly complex process. It involves marketing the business to prospective buyers, negotiating the price and terms of sale, and transferring ownership in an efficient manner. To make sure this process runs smoothly, many business owners choose to work with a business broker in Austin. But what do business brokers do? What…
As the federal government and the state governments look for more ways to bring in money, the independent contractor status is a likely place for them to look. After all, by using independent contractors rather than employees, employers don’t have to withhold taxes, provide workers’ compensation, contribute to unemployment compensation, or provide any benefits such…
A recent article in the Boston Globe reported that although more attention is on the large, primarily publicly held companies, more and more people are making their living by operating their own businesses. In fact, nationally, over 500,000 new businesses are started every year. What this means is that over 10 percent of workers are…
Small companies are the innovators. The need for large companies to acquire small companies is necessary in order for the former to capture new products and services. According to Fortune magazine, “Big companies almost never innovate. This is unfortunate because innovation is one of the few ways to gain proprietary advantage and stay profitable. It’s…
The median sales of a company going public has gone from an average $15 million in 1999 and 2000 to $164 million in 2004. Smaller companies have decided not to go public as often as in years past, and they reap the quick – and cheap – money as a result of that decision. The…
In most jurisdictions, a board of directors is not required for privately held companies. However, many of these companies have appointed what might be termed advisory boards. Although they may not have any legal authority, owners of these privately owned companies have discovered that this team of outside advisors can assist them in many ways.…
The deal is getting down to the wire, the price differential is close, but the parties are not yet in agreement. Following are some ideas that might get the ball rolling and help bring the parties together. Let the seller retain the real estate and rent it to the buyer, thus reducing the price. The…
A recent article in M&A Today offered some observations concerning current and future M&A trends. “The business world is constantly changing. For the first half of the 20th century, vertical integration was the objective in which, oil companies, for example, owned the entire process from drilling to retailing at the gas station. From 1950 to…